Accimmo Pierre, an SCPI managed by BNP Paribas REIM France, acquired the buildings Palatin II and III in La Défense - a major business district in the outskirts of Paris - from Commerz Real. Both office buildings develop over 23,000 sqm across 7 floors and are currently being renovated for delivery in Q3 2018.

To boost its growth and consolidate its position as a benchmark player on the European real estate market, BNP Paribas Real Estate has appointed three new members to its executive board, two of which are based in the UK.

BNP Paribas Real Estate Research said that European growth will strengthen over the next years, driven by a considerably improved domestic demand. This development is to the great benefit of the occupational markets that have lagged in Europe as well as supporting those that are already healthy.

The logistics market is thriving boosted by a favourable economic backdrop stimulating exports, retail sales and consumer spending. The sale of major portfolios in Germany generated outstanding volumes of investment during the first half of 2017. Prime yields continued to decline, even though they have had already bottomed-out to their lowest level. Expectations across Europe in the forthcoming quarters point towards a return to more average level of investment and further yield compression.

Corporate Services and Global Corporate Solutions teams become BNP Paribas Real Estate Occupier Solutions. With a team of more than 90 people dedicated to occupiers they generate revenues of 40M€ in 2017.

A scheme from the portfolio of IKEA Centres Polska S.A. will for the first time be managed externally. Centrum Franowo, completed within 15 months and delivered to the market at the end of September this year, comprises 15 000 sqm GLA, out of which 7 500 sqm on level 0 is dedicated to retail and services, while the remaining 7 500 sqm on level 1 will be used for offices.

There can be no denying the rude economic health of the Eurozone. As of summer 2017, all the economic indicators are flashing green. As job creation gathers pace, unemployment is falling quickly. One of the biggest forecast adjustments has concerned French growth thanks to a good locked-in rate and a solid economic trend ( 1.7% of growth expected in 2017 and 2018).

In August, BNP Paribas Real Estate announced the acquisition of Strutt & Parker, one of the UK’s largest independent property consultants. The two businesses are pleased to confirm that the deal has now completed.

BNP Paribas REIM France announces the acquisition from Unibail Rodamco of the building So Ouest Plaza, on behalf of a French regulated Fund, the OPPCI VESTAS FRENCH REAL ESTATE, which investor is the Korean institutional investor Vestas Investment Management.